Hazard mitigation describes sustained actions taken to reduce or eliminate long-term risks to people and property caused by natural hazards. Hazard mitigation actions improve a community’s resilience to natural disasters by taking measures to reduce risk and to minimize impacts of severe weather events. According to the National Institute of Building Sciences findings*, every $1 spent on mitigation funding can save $6 in future disaster costs.
The HMGP grants provide funds to assist state agencies, local governments, federally-recognized tribes, and certain non-profit organizations to implement long-term, all-hazards related mitigation measures after a major disaster declaration. The FMA grants provide funds to assist state agencies, local governments and federally-recognized tribes in carrying out measures that reduce or eliminate the long-term risk of flood damage to buildings, manufactured homes, and other structures insured under the National Flood Insurance Program. The PDM grants provide funds to states, territories, federally-recognized tribes, communities, and universities for hazard mitigation planning and effectuating mitigation projects before a disaster.